Forsta AP Fonden Boosts Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Forsta AP Fonden boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 9.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,200 shares of the scientific and technical instruments company’s stock after acquiring an additional 700 shares during the quarter. Forsta AP Fonden’s holdings in Teledyne Technologies were worth $3,589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its holdings in Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 24 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Teledyne Technologies by 4.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $298,000 after buying an additional 26 shares in the last quarter. Summit Trail Advisors LLC grew its stake in Teledyne Technologies by 3.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $279,000 after acquiring an additional 27 shares during the last quarter. Linscomb Wealth Inc. increased its holdings in Teledyne Technologies by 4.4% during the 2nd quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company’s stock valued at $270,000 after acquiring an additional 29 shares in the last quarter. Finally, MJP Associates Inc. ADV raised its position in Teledyne Technologies by 5.6% during the second quarter. MJP Associates Inc. ADV now owns 604 shares of the scientific and technical instruments company’s stock worth $234,000 after acquiring an additional 32 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Down 0.6 %

Shares of NYSE TDY opened at $463.71 on Wednesday. The firm has a market cap of $21.69 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $475.73. The firm’s 50 day moving average price is $436.93 and its 200 day moving average price is $411.02.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.13. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $5.05 earnings per share. As a group, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.42 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Needham & Company LLC increased their price target on shares of Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. TD Cowen upped their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Vertical Research initiated coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $474.50.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.